Home Affordability for Oklahoma (2026)
Oklahoma (OK) Key Facts
Median Home Price
$200,000
Median Household Income
$55,000
Affordability Index
550
Price to Income Ratio
3.6
Max Affordable Payment (28% Rule)
$1,283
How This Calculator Works in Oklahoma
This home affordability calculator estimates how much house you can afford in Oklahoma based on your income, debts, down payment, and current interest rates. It accounts for Oklahoma's property tax rate and insurance costs to give you a realistic maximum home price. Enter your financial details to see whether the median-priced home in Oklahoma is within your reach.
Oklahoma Overview
Oklahoma has a median home price of approximately $200,000 and a median household income of $55,000, yielding a price-to-income ratio of 3.6. State income taxes in Oklahoma reduce take-home pay, so factor your after-tax income when budgeting for a home. Property taxes average 0.9%, which meaningfully impacts monthly housing costs.
How Oklahoma Compares
Oklahoma's price-to-income ratio of 3.6 is below the national average of roughly 5.5. Nearby Texas has a median price of $300,000 and median income of $67,000, yielding a ratio of 4.5. Differences in property taxes and insurance costs between states further shift the true cost of homeownership.
| State | Top Rate | Notes |
|---|---|---|
| Texas | $300,000 | Median home price is $300,000 with a median household income of approximately $67,000. The price-to-income ratio is 4.5. |
| Kansas | $225,000 | Median home price is $225,000 with a median household income of approximately $62,000. The price-to-income ratio is 3.6. |
| Arkansas | $210,000 | Median home price is $210,000 with a median household income of approximately $52,000. The price-to-income ratio is 4.0. |
With a median home price of $200,000 and a median household income of $55,000, Oklahoma has a price-to-income ratio of 3.6. The national average price-to-income ratio is approximately 5.5. Oklahoma is more affordable than the national average.
Tips for Oklahoma Residents
- 1The median household income in Oklahoma is $55,000. Under the 28% rule, this supports a maximum monthly housing payment of about $1,283, including principal, interest, taxes, and insurance.
- 2Oklahoma's price-to-income ratio of 3.6 means the typical home costs 3.6 times the annual median income. This is relatively affordable by national standards.
- 3State income taxes in Oklahoma reduce take-home pay, so factor your after-tax income when budgeting for a home.
- 4Property taxes in Oklahoma average 0.9%, which adds $150 per month to your housing cost on the median home. Don't overlook this when calculating affordability.
- 5Look into Oklahoma's first-time homebuyer assistance programs, which may include down payment grants, low-interest second mortgages, or mortgage credit certificates (MCCs) that provide a federal tax credit on mortgage interest.